245 N 1st St WDowneyID83234
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Downey at 245 N 1st St W, Downey, ID, 83234 priced at $279,900 converts $1,908/mo rent into $298/mo cash flow after a $1,370/mo obligation. Total monthly income equals $1,908/mo, and annual cash flow totals $3,573/yr on $92,787 invested. Return on cash invested prints 23.76% in year one, and rental yield reads 8.18% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 122.92% and total cumulative return in cash sums $114,049. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,908/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1966
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83234, Downey, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 658 (100%) |
| Owner Occupied HU | 443 (67.3%) |
| Renter Occupied HU | 66 (10.0%) |
| Vacant Housing Units | 149 (22.6%) |
| Median Home Value | $209,052 |
| Average Home Value | $256,981 |
Housing Distribution
Address Breakdown
Residential
278
Single Family
278
Multi-Family
0
Businesses
32
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Listed by: Brandi Townsend • Premier Properties
Mls Name: PCTMLS
Mls Provider:
Mls ID: #577154
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.